Puerto Cancún is a marina and land development in the Mexican state of Quintana Roo, north of the city of Cancún, planned to include a golf course, hotels, condominiums,shopping mall, time shares and spaces for retail businesses. The multi-million-dollar development project was originated as a partnership between Fonatur, Mexico's National Trust Fund for Tourism Development, and the late Michael Eugene Kelly, the CEO, president and "principal promoter" who, since 2006, has been in custody at the Metropolitan Correctional Center, Chicago, facing charges of operating a $428 million Ponzi scheme that defrauded over a thousand elderly and senior citizens of their retirement money.